CHOICEONE FINANCIAL SVCS INC (COFS) Stock Fundamental Analysis
USA - NASDAQ:COFS - US1703861062 - Common Stock
27.03 USD
-0.92 (-3.29%)
27.03 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to COFS. COFS was compared to 391 industry peers in the Banks industry. COFS has a bad profitability rating. Also its financial health evaluation is rather negative. COFS is not overvalued while it is showing excellent growth. This is an interesting combination. COFS also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year COFS was profitable.
COFS had a positive operating cash flow in the past year.
In the past 5 years COFS has always been profitable.
Each year in the past 5 years COFS had a positive operating cash flow.
1.2 Ratios
COFS's Return On Assets of 0.33% is on the low side compared to the rest of the industry. COFS is outperformed by 82.86% of its industry peers.
COFS's Return On Equity of 3.27% is on the low side compared to the rest of the industry. COFS is outperformed by 82.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.33% | ||
| ROE | 3.27% | ||
| ROIC | N/A |
ROA(3y)0.93%
ROA(5y)0.91%
ROE(3y)11.71%
ROE(5y)10.39%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
COFS's Profit Margin of 11.44% is on the low side compared to the rest of the industry. COFS is outperformed by 80.56% of its industry peers.
In the last couple of years the Profit Margin of COFS has grown nicely.
The Operating Margin and Gross Margin are not available for COFS so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 11.44% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.55%
PM growth 5Y8.3%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
COFS does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, COFS has more shares outstanding
The number of shares outstanding for COFS has been increased compared to 5 years ago.
Compared to 1 year ago, COFS has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of COFS is 2.97, which is a good value as it means it would take COFS, 2.97 years of fcf income to pay off all of its debts.
COFS has a worse Debt to FCF ratio (2.97) than 61.13% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that COFS is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.11, COFS is in the better half of the industry, outperforming 66.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 2.97 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.36%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 14.05% over the past year.
Measured over the past years, COFS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.52% on average per year.
The Revenue has grown by 47.90% in the past year. This is a very strong growth!
The Revenue has been growing by 20.14% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)14.05%
EPS 3Y4.36%
EPS 5Y15.52%
EPS Q2Q%4.6%
Revenue 1Y (TTM)47.9%
Revenue growth 3Y5.01%
Revenue growth 5Y20.14%
Sales Q2Q%90.72%
3.2 Future
The Earnings Per Share is expected to grow by 4.21% on average over the next years.
Based on estimates for the next years, COFS will show a very strong growth in Revenue. The Revenue will grow by 24.18% on average per year.
EPS Next Y9.17%
EPS Next 2Y4.76%
EPS Next 3Y4.21%
EPS Next 5YN/A
Revenue Next Year72.4%
Revenue Next 2Y36.56%
Revenue Next 3Y24.18%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.93, the valuation of COFS can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of COFS indicates a rather cheap valuation: COFS is cheaper than 92.33% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.02, COFS is valued rather cheaply.
The Price/Forward Earnings ratio is 7.58, which indicates a rather cheap valuation of COFS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of COFS indicates a rather cheap valuation: COFS is cheaper than 84.65% of the companies listed in the same industry.
COFS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.93 | ||
| Fwd PE | 7.58 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of COFS indicates a slightly more expensive valuation: COFS is more expensive than 75.19% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.97 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
COFS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.86
PEG (5Y)0.51
EPS Next 2Y4.76%
EPS Next 3Y4.21%
5. Dividend
5.1 Amount
COFS has a Yearly Dividend Yield of 4.01%, which is a nice return.
Compared to an average industry Dividend Yield of 3.60, COFS pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, COFS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
5.2 History
The dividend of COFS has a limited annual growth rate of 0.25%.
COFS has paid a dividend for at least 10 years, which is a reliable track record.
COFS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.25%
Div Incr Years13
Div Non Decr Years15
5.3 Sustainability
COFS pays out 94.26% of its income as dividend. This is not a sustainable payout ratio.
The dividend of COFS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP94.26%
EPS Next 2Y4.76%
EPS Next 3Y4.21%
27.03
-0.92 (-3.29%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners41.77%
Inst Owner Change0%
Ins Owners5.5%
Ins Owner Change0.71%
Market Cap405.99M
Analysts84.44
Price Target35.7 (32.08%)
Short Float %2.07%
Short Ratio4.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
Yearly Dividend1.09
Dividend Growth(5Y)0.25%
DP94.26%
Div Incr Years13
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.24%
Min EPS beat(2)8.09%
Max EPS beat(2)14.38%
EPS beat(4)3
Avg EPS beat(4)7.24%
Min EPS beat(4)-6.12%
Max EPS beat(4)14.38%
EPS beat(8)6
Avg EPS beat(8)8.86%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.21%
Min Revenue beat(2)-3.71%
Max Revenue beat(2)1.29%
Revenue beat(4)2
Avg Revenue beat(4)1.14%
Min Revenue beat(4)-3.71%
Max Revenue beat(4)7.52%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-0.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.64%
EPS NY rev (1m)0%
EPS NY rev (3m)2.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.93 | ||
| Fwd PE | 7.58 | ||
| P/S | 3.29 | ||
| P/FCF | 24.97 | ||
| P/OCF | 20.22 | ||
| P/B | 0.94 | ||
| P/tB | 1.49 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.41
EY12.62%
EPS(NY)3.57
Fwd EY13.19%
FCF(TTM)1.08
FCFY4.01%
OCF(TTM)1.34
OCFY4.95%
SpS8.22
BVpS28.75
TBVpS18.08
PEG (NY)0.86
PEG (5Y)0.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.33% | ||
| ROE | 3.27% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 11.44% | ||
| GM | N/A | ||
| FCFM | 13.16% |
ROA(3y)0.93%
ROA(5y)0.91%
ROE(3y)11.71%
ROE(5y)10.39%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y1.55%
PM growth 5Y8.3%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 2.97 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 24.98% | ||
| Cap/Sales | 3.09% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 115.03% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC12.36%
ROIC/WACCN/A
Cap/Depr(3y)18.86%
Cap/Depr(5y)20.56%
Cap/Sales(3y)2.84%
Cap/Sales(5y)2.9%
Profit Quality(3y)186.62%
Profit Quality(5y)152.18%
High Growth Momentum
Growth
EPS 1Y (TTM)14.05%
EPS 3Y4.36%
EPS 5Y15.52%
EPS Q2Q%4.6%
EPS Next Y9.17%
EPS Next 2Y4.76%
EPS Next 3Y4.21%
EPS Next 5YN/A
Revenue 1Y (TTM)47.9%
Revenue growth 3Y5.01%
Revenue growth 5Y20.14%
Sales Q2Q%90.72%
Revenue Next Year72.4%
Revenue Next 2Y36.56%
Revenue Next 3Y24.18%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-64.07%
FCF growth 3Y10.34%
FCF growth 5Y40.98%
OCF growth 1Y-58.1%
OCF growth 3Y8.87%
OCF growth 5Y39.52%